Building a home requires specialized financing with progress payments and different structures to standard home loans. Construction loan specialists understand builder contracts, progress draw schedules, and council requirements.
Why Use a Construction Loans Specialist?
- Progress payment draw-down structures
- Land and construction package finance
- Knock-down rebuild loan expertise
- Owner-builder loan options
- Fixed price contract requirements
Construction Loans Brokers in Sydney Olympic Park
COChristine Obeid
Mortgage Broker
0425 010 135
SJSteven Jovcevski
kng trust
0402 337 398
LHLinda Huo
La Patatina Pty Ltd.
0413 175 422
APAngelo Papadopoulos
DCT Finance Pty Ltd
0406 966 156
MMMilivoj Macura
Mortgage Broker
0421 004 481
MMMartha Ma
Golden Wealth Pty Ltd
0431 318 420
ACAustin Cheung
Mortgage Broker
0432 234 666
MJMunish Jain
Mortgage Broker
0410 355 275
WLWancy Lau
Mortgage Broker
0433 353 377
Frequently Asked Questions
How do construction loan repayments work?
During construction, you typically only pay interest on funds drawn. Once complete, the loan converts to a standard principal and interest home loan.
What deposit do I need for a construction loan?
Most lenders require 20% of the total cost (land + build). Some allow less with LMI. You'll also need funds for council fees and other costs.
Can I get a construction loan for an owner-builder project?
Yes, but options are more limited. Lenders typically require higher deposits and may have stricter requirements for owner-builders.